Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$25,990,000
Office buildings
1403 6th St Cleveland, OH 44114
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US66-2471663
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1916
Construction
CONCRETE
Total area
147,435 SF
Lot
0.44 ac (19,270 SF)
Zoning code
GR
APN
101-05-018
UPID
US66-2471663
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$32.93M
Comparable Approach
Comparable
$29.54M
Blend (final)
Blend
$25.99M
Owner & transaction history
Rockwell Property LLC · 15 yrs held
Rockwell Property LLC
since 2010
7 recorded transactions
Zoning & alternative use
GR · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$24.9M
+45.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,665,000
6.5%
$32,925,000
7%
$30,570,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$17,075,000
Current use
RESTAURANT
$24,870,000
Change: +46% · Conversion: Moderate
MEDICAL BUILDING
$16,020,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$25.99M
Range $23.39M – $28.59M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$604,960
Tax year 2023
Assessed value
$5,818,860
Assessed 2023
Previous assessed
$5,818,860
+0.0% YoY
Effective rate
10.40%
On assessed value
Assessed land
$674,450
Assessed improvement
$5,144,410
Land market value
$1,927,000
Improvement market value
$14,698,300
Total market value
$16,625,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1916
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
6
Total area
147,435 SF
Lot
0.44 ac (19,270 SF)
Zoning code
GR
APN
101-05-018
UPID
US66-2471663
Jurisdiction
CUYAHOGA
Zoning & alternative use
GR · Cleveland, OH
Zoning GR · permitted uses
GR · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$17.1M
RESTAURANT
Est. value
$24.9M
MEDICAL BUILDING
Est. value
$16.0M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1916
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
6
Lot
0.44 ac
Current owner
From public records · entity-resolved
Rockwell Property LLC
Entity
Mailing address
1110 EUCLID AVE STE #300, CLEVELAND, OH 44115-1626
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2018
—
Rockwell Property LLC
—
Grant Deed
related
$23,850,000 · Huntington Nat'l Bk
Jan 25, 2013
—
Rockwell Property LLC
—
Deed Of Trust
related
$19,000,000 · Wells Fargo Bank
Aug 30, 2011
—
Rockwell Property LLC
—
Deed Of Trust
related
$16,870,000 · Firstmerit Bank NA
Nov 24, 2010
—
Rockwell Property LLC
City Of Cleveland
Quit Claim Deed
related
—
Jul 7, 2009
—
Rockwell Property LLC
Popeyes Marina INC
Quit Claim Deed
related
—
May 22, 2009
$1,300,000
Popeyes Marina INC
Sheriff Of Cuyahoga County
Trustees Deed
—
Oct 23, 2002
$2,400,000
Rockwell Building Condos Ltd
Bedford Properties Ltd
Grant Deed
$1,700,000 · Huntington National Bank
—
—
Rockwell Property LLC
—
Deed Of Trust
related
$1,300,000 · Park View Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1403 6th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
